×
↓ Freedom Centers

Tag Archives: economic liberty


Trump’s Deregulation Binge Shows No Signs Of Ending

Investor’s Business Daily

While the media-driven scandals du jour roll on, President Trump quietly goes about reshaping the U.S. economy. Case in point: Last week, Trump directed the EPA to cut even more red tape for manufacturers. And he’s not done yet.

The idea is not to get rid of air quality standards, but to make sure that the science behind them is transparent and reliable — and not just part of someone’s political agenda, as has often been the case in the past.

The White House says that U.S. National Ambient Air Quality Standards constitute “outdated and unnecessary barriers to growth.” Under the new standards, EPA will process state-submitted plans within 18 months, for instance, giving regulated industries a clearer idea of what they can and can’t do, quickly. And the permitting process for individual projects will eventually be limited to a year. Continue reading


How Obama’s Overtime Rules Will Hurt Disabled Children

By Eric Peterson      •     The Federalist

Last month, when President Obama’s Department of Labor released its long-awaited “overtime rule,” the mainstream media headlines were predictable: “Obama administration announces final overtime rule boosting pay for millions,” said the Los Angeles Times. “New overtime rules a boon for middle class workers,” added Newsweek. With claims from the Obama camp that the new mandate will boost pay by $12 billion over the next decade, the majority of the coverage has been overwhelmingly positive.

But here are a few headlines we might have seen if media outlets made an honest assessment of the rule: “Overtime rule to cause more than 4,000 cleft lip surgeries to not be performed for children in need”; “At-risk youth could see fewer programs because of costly DOL rule”; “Domestic abuse nonprofit faces cuts because of Obama’s overtime rule.”

Those may not have been headlines atop major newspapers, but they are real concerns nonprofit organizations submitted to the Department of Labor while the overtime rule was undergoing consideration over the past year. Continue reading


America’s Economic Freedom Has Rapidly Declined Under Obama

America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts.

by Anthony B. Kim     •     Daily Signal

obama_frownMillions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America’s economic freedom has been on a declining path over the past decade.

According to the 2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America’s economic freedom has tumbled. With losses of economic freedom in eight of the past nine years, the U.S. has tied its worst score ever, wiping out a decade of progress.

The U.S. has fallen from the 6th freest economy in the world, when President Barack Obama took office, to 11th place in 2016. America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts. Continue reading


U.S. drops to 16th on ‘economic freedom’ list, behind Canada, Chile

By PAUL BEDARD     •     Washington Examiner

The United States, ranked second in worldwide economic freedom as recently as 2000, has plummeted to 16th, according to a new report of world economies.

The Fraser Institute’s annual report, Economic Freedom of the World, showed that the country’s drop started in 2010, the second year of the Obama administration.

The world-recognized report showed that the U.S. fell in several areas, including legal and property rights and regulation. Continue reading


Look Who’s Bashing Obama’s Economy Now

Investor’s Business Daily

obamanomics2016: Presidential candidates, both announced and prospective, used Labor Day to fire off some pretty harsh criticisms of President Obama’s economy. That’s not news. What is news is who was doing the firing.

Just listen to some of the heated rhetoric about the results that seven long years of Obamanomics have produced:

“I am hot. I am mad, I am angry.”

“There is something profoundly wrong when … the average American is working longer hours for lower wages and we have shamefully the highest rate of child poverty of any major country on earth.” Continue reading


President Obama wants to limit your retirement savings — but not his own

by Allan Sloan     •     The Washington Post

Obama SmirkYou can’t keep a bad idea down. That’s my reaction to a terrible proposal in President Obama’s budget — limiting how much money can be set aside on your behalf in 401(k)s, pensions and other tax-favored retirement accounts.

The idea, of course, is to limit retirement-related tax breaks for “the rich.” The Treasury wants to limit the value of pensions and retirement accounts to about $3.4 million for a married couple, and something less than that (it doesn’t say how much) for single people. Continue reading


U.S. Not Among Top Nations for Economic Freedom

by Ali Meyer     •     cnsnews.com

Its-the-economy-stupidThe United States does not rank among the Top 10 countries in the world for economic freedom, according to the Heritage Foundation’s 2015 Index of Economic Freedom.

Instead, the U..S. ranked only 12th–after Hong Kong, Singapore, New Zealand, Australia, Switzerland, Canada, Chile, Estonia, Ireland, Mauritius, and Denmark.

Estonia was formerly a part of the Soviet Union.

The Index rates economic freedom for countries on 10 quantitative and qualitative factors that are based on four pillars of freedom: rule of law, limited government, regulatory efficiency and open markets. Continue reading


Shunning ObamaCare

Of my company’s 5,453 eligible employees, only 420 actually enrolled. The other 5,033 opted to pay a penalty.

by Andy Puzder     •     The Wall Street Journal

ObamaCare Side EffectsAmong the Affordable Care Act’s many economic and political disruptions, the law has unintentionally encouraged employers to convert full-time jobs into part-time jobs. ObamaCare mandates that employers offer health insurance to employees who work more than 30 hours a week, or pay a penalty up to $3,000 an employee. But employers have no such obligation for employees who work less than 30 hours a week, making part-time employment less costly.

It’s a simple fact: Make something more expensive and people will use less of it; make something less expensive and they will use more of it. So naturally employee hours have been reduced, particularly in the retail segment, which has lowered wages and reduced consumer spending. Continue reading


At 40, the Laffer Curve Still Looks Good

by Stephen Moore     •     The Washington Post

800px-Laffer-Curve.svgIt was 40 years ago this month that two of President Gerald Ford’s top White House advisers, Dick Cheney and Don Rumsfeld, gathered for a steak dinner at the Two Continents restaurant in Washington with Wall Street Journal editorial writer Jude Wanniski and Arthur Laffer, former chief economist at the Office of Management and Budget. The United States was in the grip of a gut-wrenching recession, and Laffer lectured to his dinner companions that the federal government’s 70 percent marginal tax rates were an economic toll booth slowing growth to a crawl.

To punctuate his point, he grabbed a pen and a cloth cocktail napkin and drew a chart showing that when tax rates get too high, they penalize work and investment and can actually lead to revenue losses for the government. Four years later, that napkin became immortalized as “the Laffer Curve” in an article Wanniski wrote for the Public Interest magazine. (Wanniski would later grouse only half-jokingly that he should have called it the Wanniski Curve.) Continue reading


The Hypocrisy of Liberal Campaign Finance

Shadowy donor club to shield donor names, internal deliberations from public view

by Lachlan Markay     •     Washington Free Beacon

Campaign DonationsA shadowy club of ultra-rich liberal donors assured contributors at a recent closed-door meeting that it will not disclose their involvement if they wish it to remain secret.

The Democracy Alliance says opacity in political funding and the influence of “big money” is corrosive to the democratic process, but the group currently discloses nothing about the hundreds of millions of dollars it steers to leading liberal and Democratic organizations. Continue reading


ObamaCare’s One-Size-Fits-All Doesn’t Fit

 by Sabrina L. Schaeffer     •     Forbes

Cancelled Cancellation ObamaCareIt finally arrived – the letter from my health insurance company announcing that my family will be moved to a new plan beginning January 1, that “meets all of the requirements of the Affordable Care Act” . . . for a mere $500 more a month.

I knew this was coming. Golden Rule has been sending me “warning” letters for months now. But really I’ve known this was coming for much longer – ever since Congress created the government-run, one-size-fits-all system known as ObamaCare. And I’ve watched as millions of others – like those on MyCancellation.com – have gone through the same ordeal of losing plans they liked and could afford. Continue reading


Is Capitalism Environmentally Unsustainable?

The goal must be to find ways for liberty and the environment to flourish together, not to sacrifice one in the vain hope of protecting the other.

Stack of Moneyby Ronald Bailey     •     Reason.com

Human activity is remaking the face of the Earth: transforming and polluting the landscape, warming the atmosphere and oceans, and causing species to go extinct. The orthodox view among ecologists is that human liberty—more specifically economic activity and free markets—is to blame. For example, the prominent biologist-activists Paul and Anne Ehrlich of Stanford University recently argued in a British science journal that the environmental problems we face are driven by “overpopulation, overconsumption of natural resources and the use of unnecessarily environmentally damaging technologies and socio-economic-political arrangements to service Homo sapiens’ aggregate consumption.” The Ehrlichs urge the “reduction of the worship of ‘free’ markets that infests the discipline” of economics. Continue reading


Data points don’t support Obama’s claim that we’re ‘better off’

by the Oklahoman Editorial Board

obama reaganBarack Obama has always seen himself as an agent of change, a la Ronald Reagan. His goal was to do for progressive politics what Reagan had done for conservatism.

Thus it was no surprise that he parroted a Reagan trope in recently asking the question of whether Americans are better off today than when he took office — and then answering his own question by concluding that “the country is definitely better off than we were when I came into office.”

For Reagan, it was a campaign strategy drawn as a weapon against Jimmy Carter in 1980. Are you better off, he asked voters, than you were four years ago?

Such comparisons aren’t unique to Reagan and Obama, of course, but Reagan put his own stamp on it — quite successfully as it turns out.

“By every economic measure,” Obama told college students the other day, “we are better off than when I took office.” So not only has this president adopted the Reagan line (even crediting Reagan). He’s turned it into yet another example of repeated, robotic rhetoric in the endless campaign speeches made by a man “who is not running for anything except the exit,” in the words of Caroline Baum, a former Bloomberg News columnist. Continue reading


Raise minimum wage?

Obama Minimum Wage“It’s not true that life is one damn thing after another — it’s one damn thing over and over.” — Edna St. Vincent Millay

by George F. Will

Liberals’ love of recycling extends to their ideas, one of which illustrates the miniaturization of Barack Obama’s presidency. He fervently favors a minor measure that would have mostly small, mostly injurious effects on a small number of people. Nevertheless, raising the minimum hourly wage for the 23rd time since 1938, from today’s $7.25 to $10.10, is a nifty idea, if:

If government is good at setting prices. Government — subsidizer of Solyndra, operator of the ethanol program, creator of HealthCare.gov — uses minimum-wage laws to set the price for the labor of workers who are apt to add only small value to the economy. Continue reading


[Flashback interview] Retired Senator Malcolm Wallop: “Frontier Freedom”

“America needed to define its interests. . . . The first, foremost obligation is defense of the homeland. . . . (2) We are a trading nation. We need access to our markets and we need for those markets to be reasonably secured. . . . (3) We are a communicating nation which needs access to space, access to the seas. (4) We are a studying nation. Scholarship from science is important to the whole world and those people need to be able to be safe and secure in what they do. (5) Our hemisphere is quite important. If there’s not security in our hemisphere, there’s not security in the homeland. (6) Finally we are a nation with some conscience. It means alliances are extremely important when they’re based on a national interest. We have to have the ability to sustain our presence within those alliances.”

wallop

by Rick Henderson & William H. Mellor III*

November 1, 1995

In the introduction to The Almanac of American Politics 1996 , Michael Barone asserts that the election of 1994 signaled that the nation seems to be returning to a “Tocquevillian America, to something resembling the country that French aristocrat Alexis de Tocqueville visited in 1831 and described in his Democracy in America. Tocqueville’s America was egalitarian, individualistic, decentralized, religious, property-loving, lightly governed.” Continue reading